Dubai 2015 Budget

Dubai has announced a record balanced budget of Dh41bn ($11.2bn) for 2015, up by 9% in nominal terms from 2014, which projected a deficit of Dh882mn ($240mn).

The budget will continue to stimulate growth and prioritize social services, despite the collapse in oil prices, the Dubai Department of Finance said in a statement on 3 January. (CONTINUED - 361 WORDS)